BILL Holdings, Inc. BILL
Our mission is to make it simple to connect and do business.
BILL is the intelligent finance platform trusted by nearly half a million businesses and their accountants to manage, move, and maximize their money. BILL powers businesses ranging from fast-moving startups to growing companies with complex operations. We use artificial intelligence (AI) to deliver strategic finance capabilities in one integrated platform that includes accounts payable (AP), accounts receivable (AR), expenses, forecasting, procurement, and more. With more than 9 million network members, our platform's total payment volume represents over 1% of U.S. gross domestic product. Headquartered in San Jose, California, BILL is a trusted partner of leading U.S. financial institutions, accounting firms, and software providers.
Valuation FY2026 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.65B | $1.46B | $1.29B | $1.06B | $642.0M | $238.3M | $157.6M | $108.4M | $64.9M | — |
| Cost of revenue | $315.3M | $272.1M | $234.6M | $194.0M | $145.0M | $61.8M | $39.1M | $29.9M | $19.4M | — |
| Gross profit | $1.34B | $1.19B | $1.06B | $864.5M | $497.0M | $176.5M | $118.5M | $78.4M | $45.5M | — |
| R&D | $300.6M | $340.1M | $336.8M | $314.6M | $219.8M | $89.5M | $53.0M | $28.9M | $18.0M | — |
| SG&A | $299.4M | $281.9M | $277.7M | $249.1M | $221.0M | $128.1M | $53.5M | $29.2M | $16.0M | — |
| Total operating expenses | $1.41B | $1.27B | $1.23B | $1.16B | $813.8M | $290.4M | $152.7M | $88.2M | $53.3M | — |
| Operating income | -$73.4M | -$80.6M | -$174.2M | -$295.8M | -$316.8M | -$114.0M | -$34.2M | -$9.8M | -$7.8M | — |
| Interest expense | $19.4M | $13.8M | $12.9M | $8.2M | $9.4M | $28.2M | $229.0K | $825.0K | $427.0K | — |
| Pre-tax income | -$10.1M | $30.4M | -$26.3M | -$222.9M | -$330.7M | -$139.3M | -$31.0M | -$7.5M | -$7.2M | — |
| Income tax | $1.1M | $6.6M | $2.6M | $808.0K | $4.3M | $40.6M | $53.0K | $156.0K | $10.0K | — |
| Net income | -$11.2M | $23.8M | -$28.9M | -$223.7M | -$326.4M | -$98.7M | -$31.1M | -$7.3M | -$7.2M | — |
| EPS, basic | -0.11 | 0.23 | -0.27 | -2.11 | -3.21 | -1.19 | -0.70 | — | — | — |
| EPS, diluted | -0.11 | -0.07 | -0.27 | -2.11 | -3.21 | -1.19 | -0.70 | -0.94 | -1.01 | — |
| Shares, diluted (wtd. avg.) | $99.9M | $103.9M | $106.1M | $106.0M | $101.8M | $82.8M | $44.1M | — | — | — |
Balance sheet
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.03B | $1.04B | $985.9M | $1.62B | $1.60B | $509.6M | $573.6M | $90.3M | $22.4M | — |
| Short-term investments | $906.5M | $1.18B | $601.5M | $1.04B | $1.11B | $655.3M | $124.0M | $72.0M | — | — |
| Receivables | $31.0M | $32.3M | $28.0M | $28.2M | $24.0M | $18.2M | $4.3M | $4.4M | — | — |
| Total current assets | $7.44B | $7.24B | $6.31B | $6.67B | $6.28B | $3.61B | $2.38B | $1.51B | — | — |
| Property, plant and equipment | $144.9M | $116.6M | $88.0M | $81.6M | $57.0M | $48.9M | $13.9M | $6.6M | — | — |
| Goodwill | $2.40B | $2.40B | $2.40B | $2.40B | $2.36B | $1.77B | $0 | — | — | — |
| Other intangibles | $162.1M | $222.8M | $281.5M | $361.4M | $432.6M | $417.3M | — | — | — | — |
| Total assets | $10.22B | $10.06B | $9.18B | $9.64B | $9.26B | $5.97B | $2.40B | $1.53B | — | — |
| Accounts payable | $9.6M | $16.3M | $7.4M | $8.5M | $9.9M | $11.9M | $3.5M | $5.1M | — | — |
| Total current liabilities | $4.92B | $4.59B | $4.06B | $3.75B | $3.41B | $2.33B | $1.68B | $1.35B | — | — |
| Long-term debt | $1.84B | $1.71B | $914.0M | $1.84B | $1.77B | $989.4M | — | — | — | — |
| Total liabilities | $6.69B | $6.15B | $5.04B | $5.55B | $5.21B | $3.44B | $1.69B | $1.35B | — | — |
| Retained earnings | -$2.09B | -$1.51B | -$1.10B | -$856.2M | -$544.8M | -$247.5M | -$148.7M | -$117.7M | — | — |
| Total equity | $3.53B | $3.91B | $4.13B | $4.09B | $4.04B | $2.53B | $710.7M | -$102.7M | -$101.9M | -$96.8M |
Cash flow
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $415.8M | $350.6M | $278.8M | $187.8M | -$18.1M | $4.6M | -$4.4M | -$3.9M | -$8.4M | — |
| Depreciation and amortisation | $55.9M | $27.5M | $23.2M | $15.5M | $11.5M | $5.4M | $4.3M | — | — | — |
| Stock-based compensation | $229.8M | $242.5M | $248.4M | $313.6M | $197.2M | $68.3M | $18.1M | $4.1M | $1.5M | — |
| Capital expenditure | $3.3M | $4.3M | $976.0K | $7.6M | $5.4M | $18.9M | $11.4M | $2.7M | $1.3M | — |
| Investing cash flow | -$28.6M | -$817.4M | -$409.4M | $259.3M | -$1.13B | -$1.43B | -$249.5M | -$96.1M | -$417.8M | — |
| Financing cash flow | -$172.8M | $666.5M | -$742.6M | $235.1M | $2.88B | $1.64B | $863.1M | $491.7M | $326.3M | — |
| Buybacks | $560.5M | $430.0M | $211.9M | $87.6M | $0 | $0 | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-058238.
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